In the Eti-Osa Local Government of Lagos State is the densely inhabited, Upper-Middle Income residential development known as Lekki Phase 1. The estate has developed into one of Lagos’ most coveted areas and a top destination for leisure and amusement. Large residential complexes, as well as a few business and retail developments, may be found in this working-class neighborhood. Due to its position, it is quite convenient to reach other important destinations, such Ikoyi and Oniru/Victoria Island.
Additionally, it is well-known for having well-traveled routes including Adewunmi Adebimpe Drive, Freedom Way, and Admiralty Way. The number of developments that have been started to meet demand in the Lekki area has increased as a result of the migration of residents.
A 3-bed apartment now has an average rent of 5,125,000 and sells for at least 95,869,565; this is a yield of 6.2% annually. Over the previous five years, the area’s rents and sale prices have increased 3.8% and 14.3%, respectively.
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